State gets 200 investment proposals in 6 months

The Government of Odisha’s Single Window for Investor Facilitation and Tracking (GO-SWIFT) has received a very encouraging response from investors across the country.

Launched in November last year by CM Naveen Patnaik, the portal recently received the 200th proposal from Mumbai-based Hind Aluminum Industries which has committed to invest Rs 56.3 crore at the Angul Aluminum Park to set up a unit to manufacture 40,000 MT of aluminium conductors. The project will create employment opportunities for 200 people.

The project proposals submitted on GO SWIFT to set up manufacturing units envisage a cumulative investment commitment of Rs 1,060 crore with an employment potential of over 10,500.

The investment proposals belong to a variety of sectors ranging from food processing, seafood, aluminum downstream, apparel, cement, tourism etc. When compared to the six-month period prior to the launch of GO-SWIFT, the number of investment proposals received post launch has gone up by 37 per cent.

Principal Secretary (Industries) Sanjeev Chopra said, “We are committed to ensuring investor delight and it is highly encouraging to note that within a short span of six months, GO-SWIFT has received over 200 investment proposals from investors across the country. Due to the significant ease of application and expeditious approval process, there has been a considerable increase in the number of investors wanting to set up their business in the State. We will continue to raise the bar for ease of doing business and are focused on speedy implementation of investment proposals on the ground.”

Some of the leading companies whose proposals were received and approved by the State Level Single Window Clearance Authority in the last six months include Manpasand Beverages, ITC Foods, Apar Industries Limited, Sri Malani Foams (a company from the house of Century brand of mattresses), Vedanta, Lalchand Resorts among others.